Outstanding Article on Current State of IRS Voluntary Disclosure Practice (1/16/21)
This brief blog today is to alert readers to an outstanding article on the current state and some uncertainties and…
Funding a Business: Capital Contribution vs. Debt
Taxpayers have several choices to make when starting a business. One of these choices is how to fund the business.…
Protected: Can You Live Large AND Green?
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A look at what, aside from $1,400 per person, is in Biden’s COVID relief plan
Soon after Joseph R. Biden trades in his former Vice President honorific for President on Jan. 20, the now-Democratic led…
Income declared during survey & Year of taxability: Assessment year for which declaration had been made or the year in which survey was conducted?
80 total views Income declared during survey & Year of taxability: Assessment year for which declaration had been made or the…
Statements recorded under section 132(4) cannot be made the sole basis for making additions unless it is supported by any documentary evidence
294 total views Statements recorded under section 132(4) cannot be made the sole basis for making additions unless it is supported…
Premium for hedging foreign exchange fluctuations as regards loan availed of for purchase of fixed asset is a Capital on revenue expenditure?
210 total views Premium for hedging foreign exchange fluctuations as regards loan availed of for purchase of fixed asset is a…
IRS Collections Appears To Be Broken
At the end of the 2019 Fiscal Year there 74,369 people working for the IRS. That compares to 94,711 in…
A future funded by Green QE
This post is by my old friend and Green New Deal colleague, Colin Hines, who is convenor of the Green…
Shanty off
Protest has to come in whatever form a person thinks appropriate. I liked this variety: The Jacob Rees-Mogg Wellerman Shanty.…